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2016-10-04 10:03:24

NK

NantKwest

$7.59

-0.19 (-2.44%)

10:03

10/04/16

10/04

10:03

10/04/16

10:03

NantKwest, Altor BioScience announce co-development agreement

Altor BioScience Corporation, a developer of novel cytokine-based immunotherapeutics for cancer and infectious diseases and NantKwest, a clinical-stage immunotherapy company focused on harnessing the unique power of off-the-shelf Natural Killer cells to treat cancer, infectious diseases and inflammatory disorders announced the establishment of a co-development agreement focused on Altor's lead candidates developed from its proprietary technology platforms, based on cytokines Interleukin-15 and Interleukin-2, that are currently in several Phase 1/2 clinical trials for hematologic and solid tumors. Under the terms of the agreement, Altor and NantKwest will exclusively collaborate on the development of therapeutic applications combining Altor's proprietary IL-15 superagonist, ALT-803, and its single-chain T cell receptor/IL-2 fusion protein, ALT-801, products with NantKwest's proprietary NK cell therapy platforms for oncology indications. Financial terms of this co-development are not disclosed.

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